Printed from http://www.electronista.com

Yahoo COO Henrique De Castro ousted by Mayer

updated 10:49 pm EST, Wed January 15, 2014

No comment by Yahoo or De Castro on reasons behind premature exit

Early Marissa Mayer Yahoo hire Henrique de Castro is leaving the search engine's employ after 15 months on the job. A memo to Yahoo staff claims that Mayer has fired the executive and restructured the upper management of the company. Neither Yahoo nor de Castro have commented on the reasons behind the departure.

The memo with the news of the firing, acquired by Recode, quotes Mayer as saying that "during my own reflection, I made the difficult decision that our COO, Henrique de Castro, should leave the company. I appreciate Henrique's contributions and wish him the best in his future endeavors."

The memo outlines other changes, in essence eliminating de Castro's position and spreading his duties around in the executive team. De Castro's employment contract specifies that upon his exit, he will recieve half of the restricted stock units that would have been awarded to him over time, likely in the form of a lump settlement, currently worth about $18 million.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Cat B100

Cat is primarily known for its heavy-duty machinery used in the construction industry and farming, among other areas. What may not be ...

Linksys EA6900 AC Router

As 802.11ac networking begins to makes its way into more and more devices, you may find yourself considering an upgrade for your home ...

D-Link DIR-510L 802.11AC travel router

Having Internet access in hotels and other similar locations used to be a miasma of connectivity issues. If Wi-Fi was available, it wa ...

Sponsor

toggle

Most Commented

 
toggle

Popular News